Indonesia is preparing to introduce a golden visa program with the aim of attracting global talent and investors to the country. This program is expected to be available by September 2023, granting a visa validity of 5 or 10 years. Holders of this golden visa will have simplified access to citizenship and the right to live, work, and purchase property in Indonesia, including popular destinations like Bali. The visa is targeted towards professionals in digitalization, health, research, and technology, aiming to attract digital nomads and entrepreneurs for investment purposes.
The golden visa will be open to both companies and private citizens. Companies will need to have at least $50 million of investments in Indonesia, while individuals will be required to invest a minimum of $350,000 to be eligible for the visa.
Although this will be Indonesia’s first official golden visa program for investors, the country already has a Second Home visa catering to wealthy retirees and digital nomads seeking residence in tourist destinations. This visa grants a 10-year stay to foreigners who can demonstrate proof of funds amounting to around $130,000 deposited in a local bank.
In Southeast Asia, other countries like Malaysia, Singapore, and Thailand have already implemented their own investor visa programs in recent years, competing to attract talent and funds. For instance, Singapore offers a long-term visa in exchange for an investment threshold of nearly $8 million, while Malaysia has two investor visa programs, Malaysia My Second Home and the Premium Visa Program, offering long-term residency visas in exchange for local bank deposits starting at approximately $215,000.